Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Activision Blizzard ( ATVI) pushed the Computer Software & Services industry lower today making it today's featured Computer Software & Services laggard. The industry as a whole closed the day up 1.4%. By the end of trading, Activision Blizzard fell $0.38 (-2.1%) to $17.49 on average volume. Throughout the day, 10,829,945 shares of Activision Blizzard exchanged hands as compared to its average daily volume of 7,810,900 shares. The stock ranged in price between $17.15-$17.78 after having opened the day at $17.78 as compared to the previous trading day's close of $17.87. Other companies within the Computer Software & Services industry that declined today were: Descartes Systems Group ( DSGX), down 14.3%, Shanda Games ( GAME), down 6.0%, Sungame ( SGMZ), down 5.7% and China Information Technology ( CNIT), down 5.6%.

Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment products worldwide. It operates in three segments: Activision, Blizzard, and Distribution. Activision Blizzard has a market cap of $12.6 billion and is part of the technology sector. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 17.7. Shares are up 0.2% year to date as of the close of trading on Monday. Currently there are 17 analysts that rate Activision Blizzard a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Activision Blizzard as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.